This unit had NO STORM DAMAGE!! High and dry. INVESTORS, 1031 exchange, here is a cash flowing, 2BR 2BA, 1-week minimum rental, furnished, corner unit condo with Direct Gulf Views and a huge balcony directly across from the famous Village of John's Pass, in Madeira Beach! This 4th floor unit has spectacular, unobstructed, birds eye vistas of the beautiful beaches looking several miles north and south. Unit 409 is highly desirable to renters. This unit rents most every week of the year, with ease. Madeira Norte Condominium is extremely well run and maintained, including a brand-new roof (2023) and both elevators were replaced this year. In 2022, the HOA completed a total refurbishment of all common areas including exterior walls, porches, rails and corridors for the entire building. No assessments planned, for this property is in tip top shape! An on-site superintendent is on the property 6 days a week keeping it clean and comfortable for the owners and guests. A delightful private heated pool is sitting right up against the soft sand of Madeira Beach. A private key operated gate leads you to the beach. There is so much fun, food, fishing and lasting memories right outside your door for all ages and interests. One covered parking space and 40 guest spaces, which is a huge amenity for owners and renters. A grilling area, beach side, is available anytime. It's very rare for a Gulf Side corner unit, in this building, to come on the market. It won't last long.
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Our Executive Mortgage Banker:
Our Insurance Division:
$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,200 | $799,200 | $799,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $1,065 | $1,065 | $1,065 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,117 | $5,117 | $7,017 |
Total Monthly Payment | $6,274 | $6,274 | $8,174 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.